China cuts yuan rate against US dollar for second day

Last Updated: Wednesday, August 12, 2015, 09:22

China cut the value of the yuan against the dollar for a second consecutive day Wednesday, trimming the reference rate by 1.62 percent and sending a new shockwave through financial markets.

Rupee tumbles to 2-month low of 64.19 Vs US dollar

Last Updated: Tuesday, August 11, 2015, 18:33

The dollar soared during the Asian session following the shocking action by the Chinese central bank even as Greek reached a deal on a third bail-out package with its creditors.

India, US resolve 35 transfer pricing disputes in IT sector

Last Updated: Thursday, August 6, 2015, 18:03

The Revenue Department Thursday said 35 transfer pricing disputes between India and the US in different segments of Information Technology (IT) have been resolved and another 100 are likely to be settled in the next three months.

US trade gap widens 7.1% to $43.8 billion in June

Last Updated: Wednesday, August 5, 2015, 19:57

The US trade deficit widened in June as the strong dollar encouraged imports and weighed on exports amid weaker growth in the global economy, official data released Wednesday showed.

Dollar up on Fed rate bets, earnings lift world shares

Last Updated: Wednesday, August 5, 2015, 16:59

The dollar rose to its highest in more than three months on Wednesday after a Federal Reserve official said the central bank was close to raising interest rates, while solid European corporate earnings propelled stocks higher.

Rupee surges 30 paise Vs US dollar to 2-week high of 63.74

Last Updated: Tuesday, August 4, 2015, 20:04

Extending its gains for the second straight day, the rupee surged by 30 paise Tuesday against the American currency to hit a two-week high at 63.74 on selling of the greenback by banks and exporters on the back of lower dollar in the overseas market.

Nvidia recalls all Shield tablets due to battery fire fears

Last Updated: Friday, July 31, 2015, 22:25

Nvidia Corp said it was recalling its Shield 8-inch tablets in the United States as the battery in these devices can overheat, posing a fire hazard.

Oil prices extend decline

Last Updated: Friday, July 31, 2015, 20:33

Oil prices extended their decline on Friday with no sign of an end to a global supply glut.

Dollar picks up after Fed boosts view on economy

Last Updated: Thursday, July 30, 2015, 10:06

The dollar picked up Thursday after the Federal Reserve boosted its view of the US economy, with analysts saying it has left the door open for a possible interest rate hike as early as September.

Rupee pares inital gains; trades flat in late morning deals

Last Updated: Wednesday, July 29, 2015, 11:42

The Indian rupee pared its initial gains to trade at its overnight level of 63.91 against the US currency in late morning deals on bouts of dollar selling by banks and exporters amid firm equities.

Oil prices fall on oversupply concerns, weaker dollar support

Last Updated: Wednesday, July 29, 2015, 11:13

Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in U.S. crude stocks and a weakening dollar.

Rupee gains 17 paise Vs US dollar in late morning deals

Last Updated: Tuesday, July 28, 2015, 12:04

The Indian rupee gained by 17 paise to 63.99 against the US currency in late morning deals on sustained bouts of dollar selling by banks and exporters.